Hotel Construction Proceeds in Arkansas

by Kate Knable  on Monday, May. 28, 2012 12:00 am  

VCC of Little Rock and Dawn Properties Inc. of Hattiesburg, Miss., partnered to buy the property for $3.8 million and redo the Cosmopolitan last year.

The companies renamed the 16-story hotel The Chancellor to rebrand it, as well as to relate the hotel to its proximity to the University of Arkansas. The Chancellor is scheduled to open Sept. 13.

Sam Alley, chairman and CEO of VCC, said just the shell of the original hotel remains.

When VCC and Dawn Properties bought the hotel in November, only 90 rooms in the 235-room hotel were operational due to unfinished renovations, Alley said.

The Chancellor will offer 207 guest rooms, with 20 of them luxury suites.

“We think it’s a good investment just because of the growth that’s going on at the university and northwest Arkansas,” he said.

Scott Bowman, owner of Theo’s Bar & Dining Room in Fayetteville, will operate The Union, The Chancellor’s coming restaurant and bar.

Flick-Mars of Dallas is the project architect, and Dawn and VCC are doing their own general contracting work.

In addition to the earlier hotel projects, March saw the first days of work on a new Residence Inn by Marriott at 219 River Market Ave. in downtown Little Rock.

McKibbon Hotel Group Inc. of Gainesville, Ga., is developing the six-story, 80,584-SF hotel. The Residence Inn will have 104 guest rooms.

Lindsay Pope Brayfield Clifford & Associates in Lawrenceville, Ga., is the architect and engineer for the Residence Inn, and Clark Contractors of Little Rock is the general contractor.

McKibbon also owns the Courtyard by Marriott at 521 President Clinton Ave. and the Hampton Inn & Suites at 320 S. Commerce St.



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